Skip to main content

About your Search

20121228
20121228
SHOW
( more )
STATION
KGO (ABC) 8
KPIX (CBS) 8
WUSA (CBS) 8
WMAR (ABC) 7
KTVU (FOX) 6
WJLA (ABC) 5
WTTG (FOX) 5
WBAL (NBC) 4
WRC (NBC) 3
( more )
SPONSOR
LANGUAGE
Search Results 0 to 49 of about 122 (some duplicates have been removed)
CBS
Dec 28, 2012 4:30am EST
announced they planned to meet sunday to discuss the fiscal cliff. congress and the white house now have less than a week to resolve that impasse. but here's where we ended up. checking the numbers for you -- >>> individual investors pulled $150 billion out of the stock market for the third year in a row. but institutional investors, the hedge funds, the pension funds, they're actually adding to their stock positions. they're poured more than $80 billion into stocks so far this year. >>> it may be time to refinance your mortgage. mortgage rates fell to near record lows yet again this week. freddie mac says the average rate on a 30 year slipped to 3.35%. that's not far from the record. 3.31% that we reached about a month ago. low mortgage rates are making home buying more affordable and allowing more americans to refinance their loans. >>> more americans are shifting to e-books. a pew research study finds 23% of americans have read on electronic book this yore. that's up from 16% last year. at the same time readers of traditional books dropped from 72% to 67%. and about a third of america
FOX
Dec 28, 2012 4:25am EST
thoughts on all of this. what do you think about congress not reaching a deal on the fiscal cliff. do you think it is possible that a compromise will be reached before the deadline. you can share your thoughts and comments on facebook, on our fob page. just search for fox 5 morning news, no space between fox and the number 5. we may share your comments on air. >>> now to a big story we are following as we learn of the pass aifg decorated u.s. general. >> general norman schwarzkopf passed away yesterday after battling pneumonia. we have a report. -- the passing of a decorated u.s. general. >> reporter: the commander of u.s. led international coalition forces that drove shad out of kuwait in 1991 has died. general schwarzkopf was a much- decorated combat soldier in vietnam and was possibly known as stormin' norman. former president bush approved the following statement. statem >> in the late '80s, general schwarzkopf was promossed to general and later appointed commander in chief of the u.s. central command. general colin powell released this statement which read in part, with the passi
CBS
Dec 28, 2012 4:00am EST
. they're not committing to projects. they're waiting to see what happens with the fiscal cliff. >> hope is fact if congress can get it done before january 1st. even congressional leaders are skeptical. >> the american people have a right to be very upset with this congress. >> president obama has invited nancy pelosi, john boehner, mitch mcconnell, and harry reid to the white house this afternoon for a fiscal cliff summit. >> here we are five days from the new year, and we might finally start talking. >> today's white house meeting might be the last chance to come to an agreement. that's because it takes time for a bill to work its way through both chamber of commerce. >> i don't know time wise how it can happen now. >> under senate rules, the only way a bill could make its way through the procedural hurdles in time is if every senator agrees not to. they'll have 24 hours. outside the beltway, carlino will be watching. >> everyone is kind of in a wait-and-see and fingers-crossed per expect tichb right now. >> since 1930 this is only the fifth time congress has worked after christmas. and today's summit is the
FOX Business
Dec 28, 2012 6:00pm EST
proposal, one to avoid the full impact of the fiscal cliff. it will allow congress to again take another crack at finding some way to deal with spending cuts and tax reform. gerri: stay with us, rich edson. thank you so much for that report. turning now to our guests. it's up to harry reid and mitch mcconnell, the two leaders in the senate. trying to craft something. how likely is it that there would be a bill that passed the senate and house? after all, that is the problem we have had a long. >> well, first, we have not seen any details of this package. we are talking completely off-the-cuff, but we know will not be at 250. i think carrie reed has problems from new york like dianne feinstein of california, and 250 will be a big pill to swallow. this is a fiscal cliff that we can have 50 days, 60 days down the road. it does not fix the problem if you will have these taxes on $250,000 and above. as rich edson said, this is going to be another deadline in congress has to have. i think everyone needs to get comfortable with the fact that we are going to have these kinds of stopgap last-seco
CNN
Dec 28, 2012 8:00am PST
what is that going to do to the fiscal cliff negotiations? >> right, there are a couple deadli deadlines actually coming up. january 2nd is the last day of the current congress. any bill that's been submitted, especially the bills that have been passed, the deal with the fiscal cliff, those bills would be worthless. they would go into paper and everything would have to start from scratch. the new congress would have to start a bill and start the process from the beginning. now there are some tricks that congress has to try to speed things up when it wants to. so to some degree, it's not that big of a deal. if there was a deal in the offing, january 3rd, enough votes for it, they could get around the hurdles. but i'm glad you brought up the deadlines because another one is tomorrow. unemployment benefits run out tomorrow for 1 million people. not true. the unemployment portion of the fiscal cliff actually hits us tomorrow. and that's when 1 million people are estimated to see unemployment benefits run out. and tomorrow is also the day that the house will return. i know we said that democrats shamed the house into come iing back, but house republicans would say the
ABC
Dec 28, 2012 4:30am PST
fiscal cliff deadline rapidly approaching. congress is cutting it close to avoid the fiscal cliff yesterday senate majority leader harry reid blasted speaker boehner for letting lawmakers go on vacation. house makers are not due back until sun -- house lawmakers are not due back until sunday. boehner said the house will take action on whatever the senate can pass. >>> all the early season rain and snow we've been getting has water experts optimistic about california's water supply. the storms have replenished many reservoirs snow has increased snow back to nearly 150% of normal. >> partial supply in the barn either in reservoir storm or snow pack. however, it still depends on the remainder of the season 2/3 of the wet season is still let. >> snow pack runoff normally provides cal with a third of its water supply. >>> more -- more water on the way. >> this storm is so close to the coast it probably won't get snow in the sierra. good morning. because the storm is so close to the coast we have a high surf advisory be detail out there, dangerous rip currents as the storm passes today
CBS
Dec 28, 2012 4:30am PST
find a way to avoid the "fiscal cliff." but as cbs reporter tara mergener test us, it's not clear if there is enough time to get a bill through congress before january 1. >>> reporter: the "fiscal cliff" is still a few days away. but business owners don carlino says he is already feeling the impact. >> a lot of our customers are holding back. they are apprehensive. they are not committing to projects. they're not -- you know, they are waiting to see what's going to happen with the "fiscal cliff." >> reporter: and hope is fading that congress can get a deal done before tax hikes and spending cuts kick in january 1. >> i am not optimistic. >> reporter: even congressional leaders are skeptical. >> the american people have a right to be very upset with this congress. >> reporter: president obama has invited nancy pelosi, john boehner, mitch mcconnell and harry reid to the white house this afternoon for a "fiscal cliff" summit. >> here we are five days from the new year, and we might finally start talking. >> reporter: today's white house meeting might be the last chance to come to an agreement. that's because it takes time for a bill to work its
CBS
Dec 28, 2012 5:00am EST
announced plans to meet sunday to discuss the fiscal cliff. congress and the white house have less than a week to resolve this impasse. but here's where we did end up. checking the numbers for you -- >>> only four days left until we hit that deadline when big tax increases and spending cuts have scheduled to kick in. president obama returned to the white house yesterday and is said to be calling congressional leaders to meet today. the senate was in session yesterday but didn't offer any new fiscal cliff solutions. the house is still on vacation. >>> so here are few tips to make your smart phone last longer and that could save you money. just like your car regular maintenance on the phone can help you get more mileage out of it. now first experts suggest get rid of all the apps that you are not using. because they take up a lot of memory. you can always reinstall them later. text messages, e-mails, voice mails, photos, they can also chip away at your memory as well. >> they're not really running down your battery but you might find that you want to get rid of them and you'll have a lot
ABC
Dec 28, 2012 5:30pm EST
president obama talking with four days left in that fiscal cliff deadline saying he's hoping congress will reach a deal on this. if not, he's asking them to bring a package to the floor that will protect middle class mrns. >>> coming up all brand-new at 6:00, american families are now banned from adopting russian children. we'll hear from one local family who calls it a death sentence for thousands of small children. >> before you get to work on your next home repair project, we're warning you about the dangers of trying to do it yourself. now a preview of what's ahead on world news at 6:30. >> the 11th our deal or no -- hour deal or no deal. tonight the track of the storm and where it will hit. >>> the nation is mourning the loss of the man who led allied forces in the gulf war. norman schwarzkopf was credited with winning the war and the public's imagination. >> reporter: in 1990, norman schwarzkopf was a little known general looking ahead to requirement -- retirement. then he led into the face of the u.s. counterattack, called stormen norman. >> it will take has long last it takes. >> r
CBS
Dec 28, 2012 6:00pm EST
going over that fiscal cliff could pull us all back into recession. congress impressional democrats attended a new year's eve style rally saying the fiscal cliff ball is in the republican court. surae chinn is on capitol hill. >> i'm urging congress to take action, stop playing games, and let's move on. >> reporter: frustration has boiled over for bob packer, a small business owner. >> i'm disappointed and angry. if they were my representeddives, i'd certainly vote them out of office. >> on tie mitchell of brokering a deal is waning. >> we do have a chance, an outside chance to get this done. >> we need two words. presidential leadership, on not just taxing rich people. >> reporter: some democratic lawmakers are calling on the house speaker to call house republicans back to work. >> bring the house back now. show up to work. >> reporter: the speaker has ordered republicans back on sunday but democrats want them to return sooner. both sides are blaming each other for the lack of compromise. democrats say house speaker is boehner is holding all the cards. >> the speaker of the house h
CBS
Dec 28, 2012 7:00am EST
you. >> good morning, jeff. good to be with you. >> are we going over the fiscal cliff? >> it dmends on what that means. i think 98% of our country can be assured that over the next short period of time, their income taxes are going to be the same, but this congress as you know has been more prepared than any to deal with the big issues or nation faces. and what you're seeing, jeff, is a derelection of duty at every level, a lack of courage to deal with the spending issues. unfortunately, you know, today the average american doesn't realize there's 40% of government services that they're not paying for. only one third of medicare is paid for by those people who actually use it. and because there's been this scherr shau ra charade going on, the left and ride shielding the people from the true cost of government, we don't have any constituency to help reduce government spending. because we even not dealt with that issue, there's been no progress on the entitlement spending. this is unfortunate going to carry on through to the debt ceiling debate. what that means is every american is going to be harmed because the economy is not going to be wait should be. so because we have lacked the courage to face up, to deal with these issues, we here in washingto
PBS
Dec 28, 2012 1:00am PST
. >> reporter: january 3 is the deadline for the new congress to start work. if a fiscal cliff fix isn't passed by then, the start of a new congress will likely delay matters even more. which is why the focus now is on reaching a nano-deal. >> the minimal that they can put together to avoid the fiscal cliff which will have sadly almost no impact on the long- term debt trajectory, but right now, neither markets nor the congress care about that. >> reporter: congress has never been terrific at long-range planning, but now the definition of long range seems to be 48 hours. >> you don't hear people talking, well a year from now, we really need to be here. you hear, well we need to do that this week. we need to do that day after tomorrow. this short-time frame horizon is new and i think people who think we are going to have tax reform and entitlement reform next year are way, way off base. >> cutting short his vacation but it's unclear whether he has the power to force a last minute solution through a deeply divided congress. >> darren gersh. >> so, joe, how bad could that be? >> i had, susie. unfortunately, the economy has been gaining mom
KOFY
Dec 27, 2012 9:00pm PST
and it won't affect you. mark calculates just how much the fiscal cliff could cost you. >>reporter: if congress fails to avoid the fiscal cliff the financial consequences are significant. now there's a computer program that will figure specifically what each of us can expect next year. tax policy center fiscal cliff calculator peck your category married single with or without children enter the income and press to, it will pop up but you have to cough up next year. >> 17,000 dollars higher. that's a lot. >>reporter: jason is an engineer from cupertino with wife and 3 kid. he's looking at extra 17,000 in change. renee of carson just calculated what her family will pay. >> my god. that's another additional, i mean, deduction. >>reporter: 4 dollars short of 3000 dollars. >> i know. i know. >>reporter: she says it's like losing a month salary for her or her husband. pretty significant reduction. >> oh, yes. yes. it's a big one. >>reporter: here's other quick calculations. single person making 46,000 can count on increase of 1300. married with no children income of 57,000 it's an extra 2200 you will be pa
CBS
Dec 28, 2012 1:35am PST
swalwell says if the 112th congress can't figure out the fiscal cliff, he's ready to bring some small town solutions to capitol hill. >> so you really think you can take the city of dublin politics to washington and it's gonna work? >> at the end of the day, it's about personal relationships, trust, working together for the people who elected you. >> reporter: swalwell was a dublin city councilman and said he had to work with republicans in other words to pass the city budget. he says it's the same kind of compromise strategy in washington. >> i'm confident there can still be a budget beater here where we can beat the clock and deliver on middle class tax cuts. >> reporter: i asked him to give me one word to describe his feelings enter this fiscal cliff shark tank. >> exciting. >> you're excited? >> i'm confident that congress will see the will of the people. >> reporter: he says he's excited about making sure his supporters know he is ready to hit the pavement running. one supporter in particular. >> my own mom at christmas dinner told me, do not raise my taxes. she is following, jus
CBS
Dec 27, 2012 11:00pm PST
fiscal cliff shark tank. >> exciting. >> you're excited? >> i'm confident that congress will see the will of the people. >> reporter: he says he's excited about making sure his supporters know he is ready to hit the pavement running. one supporter in particular. >> my own mom at christmas dinner told me, do not raise my taxes. she is following, just like other americans, what's going to happen with the fiscal cliff. >> reporter: representative elect swalwell hez his new office in d.c. won't be much bigger, but the responsibilities, monumental. his message... >> mom, i'm working for you. i'm receiving your text messages. i'm gonna make sure i stand up for you and the people who i grew up with. >> reporter: swalwell will be the second youngest member of congress when he's sworn in on january 3. he leaves this sunday for washington, d.c. to pick up his new keys to his office. in dublin, juliette goodrich, cbs 5. >>> checking bay area headlines, walnut creek police investigating a deadly officer- involved shooting. police got a 911 call from a screaming woman at the diablo pointe apartme
ABC
Dec 28, 2012 4:00am EST
congress. >> reporter: the fiscal cliff would bring massive tax increases and deep spending cuts. the treasury department would have trouble paying its bills. many economists worry the financial woes would plunge the u.s. back into a recession. just one possible effect of the fiscal cliff. milk pris could spike $2 or $3 a gallon, because farm programs will expire at the end of the year. some are calling that dairy cliff. live in new york, wendy gillette. >> wendy gillette in new york. thank you. >>> the country has lost one of its great warriors. tributes are pouring in this morning for retired general norman schwarzkopf. the general died yesterday in tampa after a battle with pneumonia. schwarzkopf commanded "operation desert storm" that drove iraqi forces from kuwait. in retirement, he championed causes. norman schwarzkopf was 78. >>> now, to former president george h.w. bush's condition. his chief of staff says he will be in the hospital for a while. the 41st president is recovering from a terrible case of bronchitis with a series of complications. she says that mr. bush is getting
CW
Dec 27, 2012 10:00pm PST
give me one word to describe his feelings entering this fiscal cliff shark tank. >> exciting. >> reporter: you're excited? >> i'm excited. >> reporter: this is doomsday. >> but i'm confident that congress will see the will of the people. >> reporter: he says he's excited about making sure his supporters know he is ready to hit the pavement running. one supporter in particular. >> my own mom at christmas dinner told me do not raise my taxes. she is following just like other americans what's going to happen with the fiscal cliff. >> reporter: representative elect says his new office in dc won't be much bigger, butt responsibilities monumental. his message? >> mom, i'm working for you. i'm receiving your text messages. and i'm going to make sure i stand up for you and the people who i grew up with. >> reporter: he will be the second youngest member of congress when he's sworn in january 3rd. he leaves this sunday for washington, d.c. to pick up his new keys to his office. in dublin, juliette goodrich. >> walnut creek police are investigating a fatal officer- involved shooting. police got a 911 call from a screaming woman around 3:00 a.m. they say they were confronted by an armed man. they woul
CBS
Dec 28, 2012 6:30pm EST
said he is mottestly optimistic about a deal to avoid the fiscal cliff, which would mean avoiding automatic tax increases and spending cuts come, you know, 1. the president spoke to the nation this evening after an hour-long meeting with congressional leaders at the white house. democrat and republican leaders have agreed to extend jobless benefits and some tax increases. they appear to remain deadlocked on who exactly will pay those higher taxs. we have two reports tonight, beginning with major garrett at the white house. major, good evening. >> reporter: good evening, jeff. two things are clear tonight that were not clear this morning-- progress is real and if a deal is reached, it will be far smaller than any of the key players envisioned only a couple weeks ago. is this deal, if it's to be reached, will not the so-called grand bargain with trillions of dollars of deficit reduction. in fact, jeff, it's not even clear this deal-- again, if there is one-- would stop the across-the-board spending cuts for the defense department and other government programs. it looks like those cu
CBS
Dec 28, 2012 6:00am EST
when the big tax increases and spending cuts are scheduled to kick in. the fiscal cliff of course. president obama and congress got back to work yesterday trying to find a deal to avid the cliff. there were signs of hope and signs of discouragement as both sides agreed to talk but again, both sides blaming each other for the stalemate. the president will host a summit at the white house today. tara mergener is on capitol hill with more. >> reporter: the fiscal cliff is still a few days away. but business owner don says he's already feeling the impact. >> a lot of our customers are holding back. they're apprehensive. they are not committing to projects. they're not -- you know they're waiting to see that's going to happen with the fiscal cliff. >> reporter: and hope is fading that congress can get a deal done before tax hikes and spending cuts kick in january 1st. >> i am not optimistic. >> reporter: even congressional leaders are skeptical. >> the american people have a right to be very upset with this congress. >> reporter: president obama has invited nancy pelosi, john boehner, mitch mcconnell and harry reid to
LINKTV
Dec 27, 2012 7:00pm PST
congress remains dark to avert the fiscal cliff. it's republican leader will call the session on sunday. the top senate said his branch of congress must take the initiative on a compromise. >> it appears to me the action if there is any is now on the senate and we will have to see if we're able on a bipartisan to move forward. >> but the democrats say there can be no deal without republican concessions on tax increases. >> unless we get a sign-off from the republicans in the house, we can't get anything done. for them to talk about a bipartisan arrangement, we have done that. >> without a deal, the mediate effect would billion a tax hike. relief checks to $2 million -- 2 million onamericans would also cut, possibly triggers another major u.s. recession. >> things that you don't really need, you're not going to get. >> it will probably affect my finances in a huge way. >> it will affect my dad. my dad's 76 and he's already got his food stamps cut and his medicaid cut. i don't know how much more than can cut. >> half of all americans now expect no deal by new year's day. by a margin of 2-1 they hold the republicans more at fault than ob
MSNBC
Dec 28, 2012 3:00pm PST
fiscal cliff, but clarence page, you covered congress. you covered the hill in washington for some time better than -- >> long time, yeah. >> better than most that i've known. have you ever seen a congress like this? and do you think that it is that they are so etiological? >> on the republican side, you'll have a lot of tea party folks and others who are worried about being challenged in primaries coming up in 2014. and they don't produce anything, that's fine. the more they block things, the better. and especially when it comes to anything involving raising taxes. they don't want to raise any taxes because they can see the attack ads already. and they're districts, i'm talking about in the house, in particular. you've got districts that have been carved. there's only half a dozen republicans in the house. i think that's mentioned in the article. there's only about six republicans in the house that are in districts that are friendly to democrats. the rest are pretty solidly republican districts and they don't lose any points by holding the line on taxes. and what hasn't been talke
ABC
Dec 28, 2012 1:40am PST
. >>> an unexpected consequence of the fiscal cliff stalemate could mean sticker shock at your grocery store. milk prices could soon spike to $8 a gallon. wow. congress has been so bogged down with the fiscal cliff, the farm bill is still on the table. if congress does not pass it, dairy subsidies would immediately end on january 1, and those subsidies have been keeping milk prices low for 63 years. >>> the price of curbside parking in chicago is going up january 1. parking meters will charge $6.50 an hour in the downtown area. chicago will have the highest parking meter rates in the country, taking the dubious distinction away from san francisco. congratulations. chicago outsourced its parking meters to a private company and many drivers question that question now. >>> now to some surveillance video from houston. trust me, when you see this, you're going to want these bad guys put away for a long time. the gang of thieves ripped off a daycare center. three or four young men were captured on surveillance camera. there's one right there. going in, they shattered the glass door, then stole six tvs and several game consoles. that ain't all. and one thief to
ABC
Dec 28, 2012 4:30am EST
resolve the fiscal cliff. fill out the application for the homestead tax credit a half million maryland home own verse not filled out -- homeowners have not filled out the form. yo no -- you no longer get the credit automatically. you have to fill out the application to cut out the fraud. >> we have been a homeowner for 30 years so i wantmy money. >> everybody has 2 amcation --applications mailed to their home. >> you must have be application post marched by december 31st. go to our website for more information. >>> put the harps back in the closet the words from former president george h.w. bush to those concerned about his health this morning. his family is confident he will be out of the icu very soon. he is treated in the intensive care unit for a fever at the hospital in houston where he's been for a while. the 88-year-old has been in the hospital for more than a month after first coming down with broonchitis. he is the oldest living former president. >>> and one of the nation's top warriors is being remembered for leading troops at war and for his civic contributions afte
ABC
Dec 28, 2012 6:00am EST
upset with this congress. >> the fiscal cliff will bring massive tax increases and deep spending cuts. the treasury department would have trouble paying its bills. many economists worry the financial woes will plunged the u.s. back into recession. one possible effect of the fiscal cliff, milk prices could buy $2 or $3 a gallon because farm programs expire at the end of the year. some are calling that dairy cliff. correct the fiscal cliff is not the only potential economic hazard on the horizon. thousands of workers at the port of baltimore and 14 of reports from boston to houston are threatened to go on strike this sunday. those ports move about 40% of the nation's container cargo traffic. the economic damage would reach well beyond the docks. >> from your mom-and-pop retailers to the farmers to the trucking companies will have to go pick up the containers at the ports. this will be felt not just at the ports locally, but nationwide everybody is on the ports to move their comrades. >> a major sticking point is the future royalties that the companies pay the longshoremen who moved the
LINKTV
Dec 28, 2012 8:00am PST
sunday, right, to do with the fiscal cliff? >> i have been in washington waiting to see if congress would be called back into session, as it should be. there really is no legitimate reason why the country should be facing serious tax increases for ddle-class and also spending cuts that will further slow down the economy. we have made all of the wrong choices. we should be talking about jobs and more people involved in paying taxes. we should be talking about rebuilding america's infrastructure, china has gone ahead with high-speed trains and massive investment in infrastructure. instead, we're back to the same old arguments about taxes and spending without really looking at what we're spending. we just passed the national defense authorization act the other day, another $560 billion just for one year for the war machine. so we're focused on whether or not we will cut domestic programs now? are you kidding me? >> congressman, the recent election was seen by many as a mandate from the electorate to finally be able to tax the wealthiest americans, to deal with some of the deficit. your sense
CNN
Dec 28, 2012 11:00am PST
off today. the time is now for that last ditch effort to avert the fiscal cliff. if they're sticking to the schedule, the president is sitting down right now at the white house. inside that building you see right there. he's sitting down with the top four leaders of congress. they're trying to find a way to prevent the january tax increase that's about to wallop taxpayers. a short time ago, we got a glimpse of how speaker john boehner. he was on his way to the white house. and just moments ago, we saw the top senate democrat, harry reid, pull up to the west entrance, and into the white house through a side door. jessica yellin standing by for us at the white house on the lawn, set the scene for us if you will. it is very dramatic. >> reporter: it is game time here at the white house. if they're going to reach a deal, this is the meeting where they'll do it. i understand both leader reid and leader mcconnell from the senate have arrived. we have not seen speaker boehner or nancy pelosi, leader pelosi walk into the white house yet. before i plugged in at least she hadn't, they hadn't arrived. but it is a matter of minutes until they should all take their seats in the oval office and begin the discussion that should help resolve whether or not the nation will go over
FOX
Dec 28, 2012 12:00pm PST
to the fiscal cliff come the new year, now the president is meeting with congressional leaders at the white house, kyla campbell joins us live from dc. >> reporter: tara, some members of congress hope this meeting will produce a deal but others say the situation is hopeless and this meeting is just for show. we are taking a live look outside the white house, still not sure whether we are going to get video from the high stakes negotiations, harry reid and mitch mcconnell and john boehner and nancy pelosi are joining president obama and the vice-president. the white house insists the president is not putting new offers on the table but there are reports of a compromise to raise tax rates for them. both sides say thar are disappointed. >> it is totally a lack of courage to deal with these issues. from washington to wall street there is a sense of gloom but the prospects of deal. here in dc a new furlough warning went out to federal workers, deep spending cuts and tax hikes go into effect for every 1 on new year's eve if congress doesn't take action. kyla campbell, ktvu channel 2 news. >> thanks, if the president and congress are not able to avoid the fiscal cliff experts say people h
FOX News
Dec 28, 2012 3:00am PST
legislate more. the house already passed legislation to avoid the entire fiscal cliff. the senate democrats have not. now, the final point here, and this is going to -- but believe it or not, we're also talking about milk. it's not directly part of the fiscal cliff, but because congress didn't pass a farm bill this year, you have these bizarre 1949 price supports that would go back into effect unless congress can fix that. if they don't, the price you pay at the grocery store is going to skyrocket. maybe several dollars a gallon. so because of that, congress wants to make a milk fix part of any part of fiscal cliff fix if they can do one or the other before the year ends. back to you guys. >> juliet: listening to them, what senator reid says about boehner and boehner's response. they sound like they're real housewives of dc or something. >> eric: they're nowhere near a deal. i think i have this figured out. president obama came back from hits vacation saying let's see if we can get something together, knowing very well that they can't. the house and senate are so far apart, neither one will even entertain the idea -- >> juliet: so why have a meeting? >> eric: you look like you're trying o do the right thing. these bush tax cuts will expire december 31, 72 hours from now, wh
CBS
Dec 28, 2012 6:00am PST
time to get a bill through congress before january 1. >>> reporter: the "fiscal cliff" is still a few days away. but business owners don carlino says he is already feeling the impact. >> a lot of our customers are holding back. they are apprehensive. they are not committing to projects. they're not --you know, they are waiting to see what's going to happen with the "fiscal cliff." >> reporter: and hope is fading that congress can get a deal done before tax hikes and spending cuts kick in january 1. >> i am not optimistic. >> reporter: even congressional leaders are skeptical. >> the american people have a right to be very upset with this congress. >> reporter: president obama has invited nancy pelosi, john boehner, mitch mcconnell and harry reid to the white house this afternoon for a "fiscal cliff" summit. >> here we are five days from the new year, and we might finally start talking. >> reporter: today's white house meeting might be the last chance to come to an agreement. that's because it takes time for a bill to work its way through both chambers of congress. >> i don't know
FOX News
Dec 28, 2012 8:00am PST
polling ratings on how he's handling the fiscal cliff. republicans in congress are in the mid-20s. >> that's right, there's no question about that, tremont. obama has done a much better job of positioning himself to take advantage of the fiscal cliff. he has painted republicans is only caring about their millionaire and billionaire friends. taking hostage the people of america. you have steny hoyer saying that republicans want to take children hostage and threatened to shoot them. this is vilifying republicans and it has been incredibly effective. in the short term, absolutely, the president is set to take advantage of this. tax increases, massive tax reductions to the military. republicans really stand and the notion is appalling about who wins, but the republicans win because the economy is going to go out yet another fiscal cliff. george w. bush is not the president. obama is the president, he is not putting forth proposals to work with republicans. he will have to take ownership of this. they need to come up with a cohesive message about real economic growth and shrinking the
FOX
Dec 28, 2012 5:00am EST
. >>> what do you think about congress not reaching a deal on the fiscal cliff? do you think it is possible that i compromise will be reached before the deadline. share your comments on our facebook page. just search for fox 5 morning news. no space between fox and the number 5. we may share your comments on air. >> i'm sure you all have a lot to say. we would love to hear t. >>> a big story we are following. norman schwarzkopf has died. the retired general died from come indications of pneumonia. he was given the nickname stormin' norman and best known for leading international forces in iraq against shad's invasion of kuwait in 1991678 the 78-year-old managed to live a quiet retired life in tampa and kept pretty quiet on the u.s.'s decision to go to war with iraq again. >>> also this morning, former president george h. w. bush remains in intensive care at a texas hospital this morning. his chief of staff says his family is confident the 41st president will leave the hospital but expects to be there for a while. he is battling bronchitis, a lingering fever among other complication
FOX
Dec 28, 2012 6:00am EST
another recession. with all eyes on thh fiscal cliff... there's anothee deadline quickly approochinn that might have consumers concerned... the "milk cliff." it's part offa stalled farm bill... that includes nearlyy35-billioo- dollars in cuts. f the bill doesn't make it throuuh congress before the end of the year... the government will be forced tt buu vast quuntities of milk under a trummnnera law. that could send as 6 to 8 dollars ggllon... because the government would the wholeeale rate... under a pre-filed bill in the general assembly... is looking to make soft-shell crab... the official maryyand sannwicc.the senator richard colburn... an eastern shore republican.so dessert.in 2008... lawmakers passed llgislatiin tt make smith islann cake... a &pmulti-layered cake... the throw awaa the locks.... now the doorr will remain open all the timm at maryland casinos. so how uch more money will it the state? ptate? oel d. smith is see what the casino is expecting. joel, how busy is it? 3 3 3 the new year's eve ball haa been installed at times square... and preparaaions aae uuderway foo the big night.the ball... which has 288 crystal panels... will drop downna 141-foot-tall flaggole... to usser in the new year. the theme "let thhre be peace."" billion people across the world arr
FOX News
Dec 28, 2012 6:00am PST
fiscal cliff happening. in which case a resolution won't happen until the new congress comes into session on january 3rd. gregg: that's right. we've been following not only the events on the floor but people stepping before microphones. here is representative jim moran. >> there are going to be voting sunday night and then probably watching the skins-cowboys fame in the cloakroom. then we'll, then we'll be in session on december 31st as well. gregg: what does he mean, we're going to vote sunday night? >> here's what might happen. both parties meet with the president today at the white house. they all say look, here we are on the precipice here. let's come up with something so we stop these tax hikes from happening on january 1st. let's come together and come up with kind of a stopgap deal. in other words, something short term. this is something congress will typically do when both sides are at an impasse. they find a way to get by for a little while longer. buy themselves more time. if they come up with a deal like that, the house is coming back into session on sunday night. it is
ABC
Dec 27, 2012 5:00pm PST
disease that makes his legs immobile. >> congress cutting it close to avid the fiscal cliff. nation back into another recession, today, name calling picked up. boehner for letting lawmaker goes on vacation. house members not due back ununtil sunday. that is two days before the tax increases take affect. boehner is putting the ball in the court and says the house will take action on whatever the senate can pass. the president has spoken to senate and house leaders from both parties but had no plans to meet with congressional leaders tonight or tomorrow. >> three people have filed a federal lawsuit against city of san francisco arks kusing the police department of conducting illegal searches. this occurred at the henry hotel. saying police officers entered room was a master key provided by the hotel, then, began searching through personal belongings without warrants or just cause. thist@2p is camera footage of te searches by public defender last year. the suit filed by civil rights attorney john buress naming four officers. >> a slew of new laws set to hit the books january 1 from new rule
CNBC
Dec 28, 2012 1:00pm EST
congress. how would you handle the fiscal cliff? go vote finance.yahoo.com. the results are coming up. there you see your options. michelle. >>> tyler, one of cnbc's best known traders making a very bold call. get out of everything, everything, all cash. get the take of other -- two other wall street trading pros in two minutes. see if they agree. >>> hi. i'm steven yee. i'm the operating partner of the exchange bar and grill. i'm annoyed. i'm annoyed with the fiscal cliff. we're looking at not knowing what's going to happen. we fall off this cliff and everyone gets affected. there's no trickle down effect, it's more like a slush. we will lose income. the question is how much income are we going to lose? if we fall off the cliff the fear is that we fall off the cliff, not slowly glide down the cliff. government at this point needs to understand that we should be able to trust you to do the right things. put politics aside. think about us, the people. that's why we have government. fix it. this is $100,000. we asked total strangers to watch it for us. thank you so much. i appreciate it
MSNBC
Dec 28, 2012 11:00am PST
hour away now from the late es effort to avert the so-called fiscal cliff. the three-way stare down between the white house, the senate, the congress moves to pennsylvania avenue. president obama meeting behind closed doors with house speaker boehner, senate majority leader harry reid and senate minority leader mitch mcconnell talking about doing something to keep more than trillion dollars in tax increases and cuts from taking effect next week. also joining that party today, america's happy warrior. vice president joe biden will be there. while some appear ready to compromise others are still ducking, dodging, trying to dump the blame elsewhere. >> we all have our ideas and in the senate, you're right. we probably another 40, 50, 60 of saying that we're ready to both raise revenues and control entitlements. when's the missing ingredient? it is presidential leadership. >> i think in the end we'll get a deal. the question is the timing. >> am hopeful there will be a deal that avoids the worst parts of the fiscal cliff, namely taxes going up on middle class people. >> it's pretty apparent that we are not going to do what we've been called
ABC
Dec 28, 2012 5:30am EST
orders won't avert fiscal cliff. but that's not the message he is sending to congress. >> to really solve the 16 trillion dollar national debt, you have to sacrifice. >> reporter: politicians talk about kicking the can down the road. one american has decided that road has to end. and it might as well be here. c. n, san antonio -- cnn, san and he toneo texas. >> -- san antonio texas. >> i think it's great if you feel like tough could something, go ahead and do it. >> he is doing something instead of complaining about it. >> exactly. >>> stay with us this morning. we will find ways to keep warm when temperatures dip and it turns out. [audio not understandable] >> how zoo keepers helped to keep the animals warm and the treats they enjoyed. >> and she spans 3 feet and weighs 170 pound and the new tightel this great dane holds and her owner says it's a honor. 170 pound. >> the owner was wearing matching colors. watch. let's say you want to get ahead in your career. how do you get from here... to here? at university of phoenix we're moving career planning forward so you can start figuring that
ABC
Dec 28, 2012 5:00am PST
: the fiscal cliff would bring massive increases and deep spending cuts treasury department would have treble paying its bills. many -- many worry it would plunge the u.s. back into a recession. one possible effect of the fiscal cliff, milk prices could spike two or three dollars a gallon because farm programs will expire the end of the year. some are calling that dairy cliff. wendy gillette, abc news, new york. >>> mike jing us with a look at the -- mike joining us with a look at the forecast, more rain on the way? >>> in due time we'll get light rain not this morning high clouds to the east from sutro tower in san francisco where dry now live doppler 7 hd spinning tracking the showers, the rain i should say as it is developing over the ocean water right now let's see how far that is, 41 miles from santa rosa, 51 from san francisco, under the returns, very dry air, sprinkles at best lieu the 30s, just updated these the entire peninsula, upper 30s only 40s left, half moon bay 41, oakland 42, san francisco 44. everybody else mid to upper 30s. 33 gilroy. 40 salinas. cool start today
ABC
Dec 28, 2012 6:00am PST
. >> the american people have a right to be very upset with this congress. >> reporter: the fiscal cliff would bring massive tax increases and deep spending cuts. treasury department would have trouble paying its bills. many worry the financial woes would plunge the u.s. back into a recession. within possible effect of the fiscal cliff/fro, -- milk prices could spike two or three dollars a gallon because farm -- some are calling that dairy cliff. >>> 6:17. mike here tracking light rain.i. l >> i'd like to. >> here's mike with the weather. >>> thank you, hope you are having a great friday morning dry sky over san francisco from the east to sutro tower. light rain showing up off the sonoma county coast,oo8Ñ let's zoom down and show you highway 1 from to inverness looks like it is raining but not reaching the ground. sprinkles possible during the as air mass start to moisten under this flow from the west. best chance of light rain around noon and later this afternoon. until then, chilly, dress for temperatures in the 30s everywhere, except fremont, 41, oakland if you are san francisc
FOX News
Dec 28, 2012 12:00pm PST
deserve a congress that will avoid going over the fiscal cliff, which is why the president has been working hard to bring leaders together. >> we can't continue to kick the can down the road with half measures. i think the market will respond in a permanent and negative way to our inaction. >> the chairman of the senate finance committee says it comes down to this meeting adding i wish them luck. it would be a great new year's present for the country. ed henry, how pivot the is the meeting? >> we're on the verge of the biggest tax increase since world war ii. that's how big it is. everybody watching this, if we go off the cliff, everyone's taxes go up january 1st. the bottom line is senator backus says with the deadline, the pressure is red hot on all sides. republicans are trying to say the pressure is on the president. >> we need two words, presidential leadership on not just taxing rich people, we could tax all the rich people and cut their heads off and it wouldn't help the medicare fiscal cliff. we need both. i'm ready to work with him and so are a lot of republicans. >> one of
Search Results 0 to 49 of about 122 (some duplicates have been removed)